NASDAQ:HAIN   HAIN CELESTIAL GROUP INC
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Notes on chart
claydoctor
2 years ago
I have never in my life ever seen a time when so many can look at the same chart and come up with either a bear or bull forward look. Even I am doing that myself. I see this descending back to the sym triangle bottom, and you see it breaking that trend. I did well with WFM drop, and played the same thing in a HAIN cousin, Fresh market, and did not at earnings, but have seen it drop big time after a next day huge pop up. Did not sell my June puts, thinking that may still be profitable after all. I think the bear bias in natural food grocers mini sector takes HAIN back to sym trend bottom. But you might also be right. worth watching. Thanks for your charts, I enjoy and respect your point of view.
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KLang PRO claydoctor
2 years ago
I don't know the area enough to say what the problem is at WFM and Fresh Market - are they losing produce $$ to local farmer's markets, which are a big thing in lots of markets? Are they losing basket $$ or actual customers? Without knowing, it's hard for me to put them in the same category.

That aside, the 50 and 100dma are holding, rather than play the movement INSIDE the triangle, I's wait for a bullish confirmation to go long, or perhaps a loss of the 50/100dma to go short. My weekly chart was not published, but that red line is a long term trendline that price is dancing with now. Honestly, this is not a chart I'd play. But just wanted to put it out there.

It's always nice to hear another point of view.
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